relative price of investment to build and estimate these IST processes across the United States and a "rest of the world … as powerful to explain any of the four mentioned puzzles. -- international business cycles ; cointegration ; investment …In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international …

relative price of investment to build and estimate these IST processes across the U.S and a "rest of the world" aggregate …In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international …

This paper investigates the short-run impact of Investment-Specific Technology (IST) Shocks on macroeconomics variables … namely; Aggregate Investment, Aggregate Consumption and Gross Domestic Product using the VAR(p) model and quarterly data of …, yet, a shock to IST influence a change in aggregate consumption. Inferences from impulse response function (IRF) showed …

In this paper, we first introduce investment-specific technology (IST) shocks into an otherwise standard international … Economic Co-operation and Development for the relative price of investment to build and estimate these IST processes across the … United States and a "rest of the world" aggregate, showing that they are cointegrated and well represented by a vector error …

investment-specific technology shock, affects the transformation of consumption into investment goods and is identified with the … relative price of investment. The second shock affects the production of installed capital from investment goods or, more …We estimate a New-Neoclassical Synthesis model of the business cycle with two investment shocks. The first, an …